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|
MIRA INFORM REPORT
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Report No. : |
503403 |
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Report Date : |
12.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
EZEEGO ONE TRAVEL AND TOURS LIMITED (w.e.f. 14.03.2008) |
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Formerly Known
As : |
EZEEGO ONE TRAVEL AND TOURS PRIVATE LIMITED (w.e.f. 13.03.2008) EZEEGO ONE TRAVELS AND TOURS PRIVATE LIMITED EZEEGO ONE TRAVEL PRIVATE LIMITED |
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Registered
Office : |
1st Floor, Cecil Court, Lansdowne Road, Colaba, Mumbai-400039, Maharashtra |
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Tel. No.: |
91-22-22024135 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
06.01.2006 |
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Com. Reg. No.: |
11-158683 |
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Capital
Investment / Paid-up Capital : |
INR 1.136 Million |
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CIN No.: [Company Identification
No.] |
U63040MH2006PLC158683 |
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IEC No.: [Import-Export Code No.] |
0310057124 |
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PAN No.: [Permanent Account No.] |
AABCE5758R |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
27AABCE5758R1ZV |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company is primarily engaged in only one business segment i.e. providing services on commercial basis that may require for the tourist, travel and entertainment industry. (Registered Activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow and correct |
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Litigation : |
Exists |
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Comments : |
Subject was incorporated in the year 2006 and it is having moderate track record. “Coad Management Mauritius Limited” holds 47.10% stake in the subject company. Subject is engaged in the business of online travel portal, which provides one stop platform for all the travel needs. As per Registrar of Companies the date of balance sheet (i.e. financial filed) is shown as 31.03.2017 but the documents related to the financial for the year 2017 are not available from any sources. The company has been incurring losses since last two financial years. Rating takes into consideration huge accumulated losses registered by the company which has resulted into erosion of its entire networth. Further, rating is constrained on account of continuously incurring losses from its business operations, excess of borrowing recorded during the year and intense competition from industry. However, these rating weaknesses are partially offset by support received to the company from its holding entity. Business is active. Payments are slow but correct. In view of aforesaid, the company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
BRICKWORKS |
|
Rating |
Long-term: AA (SO) |
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Rating Explanation |
High degree of safety and very low credit risk. |
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Date |
15.12.2017 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2018.
BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 12.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED
Management non-cooperative (Tel No.: 91-22-22024135/ 61968888)
(Tel No.:
91-22-22709100/ 22637500 - Continuously Ringing)
LOCATIONS
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Registered Office : |
1st Floor, Cecil Court, Lansdowne Road, Coloba, Mumbai –
400039, Maharashtra, India |
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Tel. No.: |
91-22-22024135/ 61968888/ 66723333 |
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Mobile No.: |
91-9820582505 (Mr. Govind) |
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Fax No.: |
91-22-29203267 |
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E-Mail : |
agents.registration@ezeego1.com
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Website : |
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Area : |
15000 Sq. ft. |
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Location : |
Owned |
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Corporate Office : |
A- Wing, 4th Floor, Vaman Techno Centre, Marol Makwana Road,
Off Andheri Kurla Road, Andheri (East), Mumbai - 400059, Maharashtra, India |
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Head Office : |
Classic Centre, 4th Floor, B-Wing, Mahal Industrial Estate,
Mahakali Caves Road, Andheri (East), Mumbai - 400059, Maharashtra, India |
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Tel. No.: |
91-22-67309400/ 61969696 |
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Fax No.: |
91-22-26879965/ 66 |
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Branch Offices : |
Located at:
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DIRECTORS
As on 2018
|
Name : |
Mr. Arup Sen |
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Designation : |
Director |
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Address : |
51, Jaldarshan, Nepeansea Road, Mumbai – 400036, Maharashtra, India |
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Date of Birth/Age : |
16.01.1957 |
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Date of Appointment : |
06.01.2006 |
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PAN No.: |
AAZPS8606D |
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DIN No.: |
00035405 |
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Name : |
Mrs. Neelu Singh |
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Designation : |
Director |
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Address : |
B-607, Sunset, Raheja Vihar, Chandivali Studio, Powai, Mumbai –
400072, Maharashtra, India |
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Date of Birth/Age : |
28.10.1972 |
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Date of Appointment : |
30.09.2009 |
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PAN No.: |
AVUPS1665E |
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DIN No.: |
02072705 |
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Name : |
Ms. Manisha Narayan Amarapurkar |
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Designation : |
Director |
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Address : |
D 401, Ameya Society, New Prabhadevi Road, Mumbai-400025, Maharashtra,
India |
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Date of Birth/Age : |
30.05.1952 |
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Date of Appointment : |
30.09.2014 |
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PAN No.: |
AAAPA5686Q |
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DIN No.: |
01815516 |
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Name : |
Mr. Patrick Rory Richards |
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Designation : |
Additional Director |
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Address : |
87, Iffley Road, Hammersmith London W60PD GB |
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Date of Appointment : |
30.01.2018 |
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DIN No.: |
08063739 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2017
|
Names of Shareholders |
|
No. of Shares |
|
Urrshila Ajit Kerkar |
|
46867 |
|
Ajay Ajit Peter Kerkar |
|
3333 |
|
Cox and Kings Limited, |
|
9000 |
|
Neelu Singh |
|
500 |
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Pratima Alvares |
|
200 |
|
Peter Fernandes |
|
200 |
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Coad Management Mauritius Limited, Mauritius |
|
53500 |
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Total |
|
113600 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family-Indian) |
41.70 |
|
Public/Other than promoters (Individual/Hindu Undivided Family-Indian) |
3.29 |
|
Public/Other than promoters (Body corporate) |
7.92 |
|
Public/Other than promoters (Others - Foreign Bodies Corporate) |
47.09 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The company is primarily engaged in only one business segment i.e. providing services on commercial basis that may require for the tourist, travel and entertainment industry. (Registered Activity) |
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Products/
Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Motilal and Associates Chartered Accountants |
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Address : |
11/13, M.K. Amin Marg, 1st Floor, Bora Bazar, Mumbai – 400001,
Maharashtra, India |
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Tel. No.: |
91-22-22663526 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AHEPJ9550F |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary company
(As on 2017): |
Forever Distributors Private Limited U51909WB2010PTC149880 |
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Subsidiary company
(As on 31.03.2016): |
· Forever Travel Distribution Private Limited · Ezeego One Travel and Tours LLC · Ezeego one Travel and Tours, United States of America · Forever Distributors Private Limited CIN No.: U51909WB2010PTC149880 |
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Enterprise over which key Management Personnel exercise significant
influence (As on
31.03.2016): |
Shop Till U Drop Private Limited |
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Other Related Parties (As
on 31.03.2016): |
· Cox and Kings Limited · Sneh Sadan Traders and Agents Limited |
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
INR 10/- each |
INR 5.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
113600 |
Equity Shares |
INR 10/- each |
INR 1.136
Million |
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|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
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|
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(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
1.136 |
1.136 |
1.136 |
|
(b) Reserves & Surplus |
(3083.864) |
(3007.509) |
(2611.699) |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
(3082.728) |
(3006.373) |
(2610.563) |
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
100.000 |
100.000 |
100.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
23.193 |
16.964 |
7.091 |
|
Total
Non-current Liabilities (3) |
123.193 |
116.964 |
107.091 |
|
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|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2618.416 |
2689.862 |
2319.798 |
|
(b) Trade payables |
3166.247 |
1079.813 |
1092.963 |
|
(c) Other current liabilities |
646.525 |
1027.016 |
883.253 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
6431.188 |
4796.691 |
4296.014 |
|
|
|
|
|
|
TOTAL |
3471.653 |
1907.282 |
1792.542 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
27.263 |
38.949 |
69.912 |
|
(ii) Intangible Assets |
57.941 |
53.249 |
37.450 |
|
(iii) Capital work-in-progress |
49.833 |
7.174 |
7.174 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
55.918 |
55.010 |
55.010 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
23.855 |
17.747 |
20.562 |
|
Total
Non-Current Assets |
214.810 |
172.129 |
190.108 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
998.995 |
|
(c) Trade receivables |
1524.703 |
939.758 |
370.729 |
|
(d) Cash and cash equivalents |
167.934 |
149.294 |
36.143 |
|
(e) Short-term loans and
advances |
1550.406 |
631.155 |
180.790 |
|
(f) Other current assets |
13.800 |
14.946 |
15.777 |
|
Total
Current Assets |
3256.843 |
1735.153 |
1602.434 |
|
|
|
|
|
|
TOTAL |
3471.653 |
1907.282 |
1792.542 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
1276.796 |
973.388 |
|
|
Other Income |
|
116.836 |
14.272 |
|
|
TOTAL
|
|
1393.632 |
987.660 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
|
314.727 |
240.279 |
|
|
Other expenses |
|
690.012 |
504.61 |
|
|
TOTAL |
|
1004.739 |
744.889 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
388.893 |
242.771 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
426.487 |
583.905 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(37.594) |
(341.134) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
38.761 |
51.830 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
(76.355) |
(392.964) |
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
(76.355) |
(392.964) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
(672.14) |
(3459.19) |
|
|
PARTICULARS |
|
|
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
929.555 |
|
|
Other Income |
|
|
7.343 |
|
|
TOTAL
|
|
|
936.898 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
|
|
218.524 |
|
|
Administrative and Selling
Expenses |
|
|
377.715 |
|
|
Prior Period Expenses |
|
|
0.806 |
|
|
TOTAL |
|
|
597.045 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
339.853 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
391.663 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
(51.810) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
|
52.809 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
|
(104.619) |
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
|
(104.619) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
|
(920.95) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
(916.323) |
543.010 |
|
Net cash generated by Operating Activities |
472.036 |
(678.936) |
888.658 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
435.87 |
352.39 |
145.57 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
0.84 |
1.04 |
2.51 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.34 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
2.88 |
2.44 |
2.97 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
1.88 |
2.57 |
2.45 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
(0.88) |
(0.93) |
(0.93) |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
(2.09) |
(1.60) |
(1.65) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
(0.04) |
(0.03) |
(0.04) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.91 |
0.42 |
0.87 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin [(PAT/Sales) * 100) |
% |
(5.98) |
(40.37) |
(11.25) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(2.20) |
(20.60) |
(5.84) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
2.48 |
13.07 |
4.01 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.51 |
0.36 |
0.37 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.51 |
0.36 |
0.14 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
(0.89) |
(1.58) |
(1.46) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
2392.97 |
2455.86 |
2130.10 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.51 |
0.36 |
0.37 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
1.136 |
1.136 |
1.136 |
|
Reserves & Surplus |
(2611.699) |
(3007.509) |
(3083.864) |
|
Net
worth |
(2610.563) |
(3006.373) |
(3082.728) |
|
|
|
|
|
|
long-term borrowings |
100.000 |
100.000 |
100.000 |
|
Short term borrowings |
2319.798 |
2689.862 |
2618.416 |
|
Total
borrowings |
2419.798 |
2789.862 |
2718.416 |
|
Debt/Equity
ratio |
(0.927) |
(0.928) |
(0.882) |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
929.555 |
973.388 |
1276.796 |
|
|
|
4.715 |
31.170 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
929.555 |
973.388 |
1276.796 |
|
Profit/ (Loss) |
(104.619) |
(392.964) |
(76.355) |
|
|
(11.25%) |
(40.37%) |
(5.98%) |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1.136 |
1.136 |
|
(b) Reserves and Surplus |
|
(3156.604) |
(3080.740) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
(d) Minority interest |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
(3155.468) |
(3079.604) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
100.000 |
100.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
23.193 |
16.964 |
|
Total Non-current
Liabilities (3) |
|
123.193 |
116.964 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
2618.416 |
2723.884 |
|
(b) Trade
payables |
|
3165.590 |
1079.155 |
|
(c) Other
current liabilities |
|
658.845 |
1035.823 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
6442.851 |
4838.862 |
|
|
|
|
|
|
TOTAL |
|
3410.576 |
1876.222 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
27.263 |
38.949 |
|
(ii)
Intangible Assets |
|
180.521 |
175.764 |
|
(iii) Tangible assets
capital work-in-progress |
|
49.833 |
7.174 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.016 |
0.015 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
0.000 |
0.000 |
|
(e) Other Non-current
assets |
|
24.337 |
18.230 |
|
Total Non-Current
Assets |
|
281.970 |
240.132 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
1531.735 |
942.595 |
|
(d) Cash and
bank balances |
|
172.019 |
152.448 |
|
(e)
Short-term loans and advances |
|
1411.051 |
526.101 |
|
(f) Other
current assets |
|
13.801 |
14.946 |
|
Total
Current Assets |
|
3128.606 |
1636.090 |
|
|
|
|
|
|
TOTAL |
|
3410.576 |
1876.222 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
|
1278.033 |
974.354 |
|
|
Other Income |
|
116.838 |
14.838 |
|
|
TOTAL |
|
1394.871 |
989.192 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
|
314.727 |
240.279 |
|
|
Other expenses |
|
690.430 |
506.992 |
|
|
TOTAL |
|
1005.157 |
747.271 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
389.714 |
241.921 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
426.577 |
583.905 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(36.863) |
(341.984) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
38.761 |
51.830 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(75.624) |
(393.814) |
|
|
|
|
|
|
|
Less |
TAX |
|
0.074 |
0.068 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
(75.698) |
(393.882) |
|
|
|
|
|
|
|
Add |
Minority
Interest |
|
0.000 |
0.366 |
|
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD |
|
(75.698) |
(393.516) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(672.14) |
(2409.29) |
LEGAL
CASES
|
LITIGATION DETAILS |
||||||
|
Bench:- Bombay |
||||||
|
Presentation
Date:- 27/07/2016 |
||||||
|
Lodging No. : |
APPL/272/2016 |
Filing Date:- |
27/07/2016 |
Reg.
No.:- |
COMAP/49/2016 |
|
|
Reg.
Date:- |
22/12/2016 |
|
|
|
|
|
|
|
Main Matter |
|
||||
|
Lodging No. : |
SL/431/2014 |
|
Reg.
No.:- |
S/632/2014 |
||
|
Petitioner:- |
LE TRAVENUES TECHNOLOGY PRIVATE LIMITED |
Respondent:- |
EZEEGO ONE TRAVEL AND TOURS LIMITED |
|||
|
Petn.Adv:- |
MAG LEGAL (I1295) |
Resp. Adv.:- |
W S KANE AND COMPANY (1300) |
|||
|
District:- |
MUMBAI |
|||||
|
Bench:- |
DIVISION |
Category:- |
APPEALS ARISING OUT OF ORDERS PASSED IN NOTICE OF MOTIONS IN COMMERCIAL DIVISION MATTERS |
|||
|
Status:- |
Pre-Admission |
Stage:- |
FOR ADMISSION |
|||
|
Next
Date:- |
28/06/2017 |
Stage:- |
-- |
|||
|
Coram:- |
HON'BLE SHRI JUSTICE V.M. KANADE HON'BLE SHRI JUSTICE C.V. BHADANG |
|||||
|
|
21/04/2017 |
Stage:- |
|
|||
|
Last Coram:- |
HON'BLE SHRI JUSTICE V.M. KANADE HON'BLE SHRI JUSTICE C.V. BHADANG |
|||||
|
Act. : |
|
|
|
|||
|
LITIGATION DETAILS |
|||||
|
Bench:- Bombay |
|||||
|
Presentation
Date:- 27/07/2016 |
|||||
|
Lodging No. : |
NMAL/2214/2016 |
Filing Date:- |
27/07/2016 |
Reg.
No.:- |
NMCA/1/2017 |
|
Reg.
Date:- |
|
|
|
|
|
|
|
Main Matter |
|
|||
|
Lodging No. : |
APPL/272/2016 |
|
Reg.
No.:- |
COMAP/49/2016 |
|
|
Petitioner:- |
LE TRAVENUES TECHNOLOGY PRIVATE LIMITED |
Respondent:- |
EZEEGO ONE TRAVEL AND TOURS LIMITED |
||
|
Petn.Adv:- |
MAG LEGAL (I1295) |
|
|
||
|
District:- |
MUMBAI |
||||
|
Bench:- |
DIVISION |
Category:- |
NOTICE OF MOTION (APPEAL) |
||
|
Status:- |
Pre-Admission |
Stage:- |
FOR ADMISSION |
||
|
Last
Date:- |
21/04/2017 |
Stage:- |
-- |
||
|
Last
Coram:- |
HON'BLE SHRI JUSTICE V.M. KANADE HON'BLE SHRI JUSTICE C.V. BHADANG |
||||
|
Act. : |
Code of Civil Procedure 1908 |
||||
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
No |
|
8] |
Designation of contact person |
No |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
No |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
No |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
Yes |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
OVERVIEW OF THE
COMPANY (As on 31.03.2016)
The company is registered in the name Ezeego One Travel and Tours Limited on 6th January, 2006 under the Companies Act, 1956 with the business object of providing services on commercial basis that may required for the tourist, travel and entertainment industry, in India or any other part of the world and to encourage and carry on and facilitate tourist trade in India or abroad and subject to any law for the time being in force to exchange and to deal in foreign exchange.
UNSECURED LOANS
|
Particulars |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Fully convertible debentures others |
100.000 |
100.000 |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
1118.416 |
1189.862 |
|
Total |
1218.416 |
1289.862 |
INDEX
OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
G54349543 |
100110754 |
VISTRA ITCL (INDIA) LIMITED |
16/05/2017 |
16/05/2017 |
5000000000.0 |
IL & FS FINANCIAL CENTREPLOT NO C22 G BLOCK BANDRAKURLA COMPLEX BANDRA EAST MUMBAI MAHARASHTRA 400051 INDIA |
|
2 |
C49195282 |
10559345 |
Axis Bank Limited |
13/03/2015 |
- |
1500000000.0 |
C-2, WADIA INTERNATIONAL CENTRE PANDURANG BUDHKAR MARG, WORLI MUMBAI MAHARASHTRA 400025 INDIA |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Claim against the company not acknowledge as
debts |
3.032 |
2.870 |
|
|
|
|
FIXED ASSETS:
·
Furniture and Fixtures
·
Office equipments
·
Leasehold improvements
·
Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.94 |
|
UK Pound |
1 |
INR 91.75 |
|
Euro |
1 |
INR 79.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.